When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

When the government decides to run a statutory corporation as a profit-oriented enterprise, this is known as
Answer Details
When the government decides to run a statutory corporation as a profit-oriented enterprise, it is known as commercialization. In this case, the government treats the statutory corporation as a business and aims to maximize profits while still maintaining its public service responsibilities. This may involve changes in management, restructuring, or other measures to increase efficiency and revenue generation. The goal of commercialization is to reduce government intervention and increase the self-sufficiency of the corporation.
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